In order to prevent money laundering activities, the Ministry of Construction, and the Departments of Construction in all provinces and cities have issued a regulation that requires real estate companies and real estate brokerage services to report all real estate transactions that are more than VND300mn.
IFC, a member of the World Bank Group, is providing a loan of up to $87.5 million to BIM Land Joint Stock Company, a leading property developer in Vietnam, to support the growth of sustainable tourism infrastructure in Vietnam and Lao PDR.
For decades, output of animal husbandry of Vietnam has mainly served domestic market. However, currently, the Ministry of Agriculture and Rural Development has opened policies to encourage firms to promote export of, first of all, poultry products to potential markets thanks to plentiful supply.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, registered foreign capital reached US$14.59 billion in the first four months of this year, the highest level in the past four years.
Vietnamese Prime Minister Nguyen Xuan Phuc has asked people’s committee leaders in cities and provinces to keep an eye on the property market and adopt measures to prevent land price fever and property bubbles.
Instead of carrying out projects themselves, several foreign investors tend to increase investments into Vietnam via capital contribution, share purchase or acquisition so as to quickly take part in the local market or transfer to other partners for profits.
Vietnam has invested in 190 investment projects in Cambodia with the total registered investment capital of nearly US$ 2.9 billion, focusing on agriculture and forestry whereas the partner offered 19 investment projects with the total capital of US$ 65 million in Vietnamese market.
(ĐTTCO) - The pressure to raise chartered capital in banks has increased as the deadline for applying for Basel II is nearing. However, sale to strategic partners faces many difficulties as the local fund supply is far below banks’ demand.
(ĐTTCO) - Practically speaking, commercial contracts between international parties are immediately revised when any legal compliance cost arises. In foreign countries, the “burden of government regulation” is taken seriously and governments across the globe are putting in a lot of effort to cut this cost. Vietnam should learn from them.
(ĐTTCO) - The current compensation and resettlement process for owners of repossessed lands faces many difficulties and several disputes. The inflexibility of the prevailing regulations have caused delays in some projects and consequently impacted people’s benefits.
(ĐTTCO) - Van Don (Quang Ninh Province), Da Nang, Phan Thiet (Binh Thuan Province) and Nhon Trach (Dong Nai Province) are some hotspots where land fever has taken hold recently. Investors and speculators are rushing to these locations in great numbers, while brokers and middlemen jostle to compete and lift up land prices.
(ĐTTCO) - After one year, the construction of the fourth floor of An Binh Hospital, located at 146 An Binh Street, Ward 7, District 5, Ho Chi Minh City, is finally complete. This is the first hospital that has received a huge non-refundable donation of VND 450bn from a benevolent private conglomerate, the Van Thinh Phat Group.
(ĐTTCO) - The Ministry of Transportation (MoT) and Committee for Management of State Capital (CMSC) have appointed the Airports Corporation of Vietnam (ACV) as investor of T3 terminal at Tan Son Nhat international airport. This decision has aroused controversy among people.
(ĐTTCO) - Gosu Blue, the precious masterpieces with blue-enamel Shimazu’s coat (a cross shape in the circle), is one of Satsuma’s most sought-after pottery artefacts. It had been produced limited in Tokyo since mid of 19th century, and ended production in 1872. Gosu Blue is also known as the typical pottery of late Edo period (1850-1870).
(ĐTTCO) - According to the Institute of Energy, Binh Dinh and Phu Yen are two provinces with excellent conditions for setting up solar power plants. In the last few years many investors have built plants in these two places, making them the country’s green power hub.